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Tractor Supply Co. 2201 N US Highway 31 19,532 SF Retail Building Petoskey, MI 49770 $4,985,222 ($255.23/SF) 6.30% Cap Rate
Investment Highlights
- Investment-grade Tractor Supply Co. generating ~$15.52B in revenue (2025)
- NN+ lease with 5% rent increases every 5 years in base term
- Affluent resort market with seasonal population influx and high household incomes
- Recent 10-year early lease extension; operating at this site since 2011
- Dominant US-31 retail corridor serving Northern Michigan's primary trade area
- High barriers to entry with limited large commercial site availability in Petoskey
Executive Summary
Matt Fitzgerald
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 6502432668, 6505432273 (MI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,532 SF
Year Built
2011
Price
$4,985,222
Price Per SF
$255.23
Cap Rate
6.30%
NOI
$314,069
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
4.61 AC
Zoning
EC B-2
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 01-16-26-200-052 | Improvements Assessment | $0 |
| Land Assessment | $1,071,600 | Total Assessment | $1,071,600 |
Property Taxes
Parcel Number
01-16-26-200-052
Land Assessment
$1,071,600
Improvements Assessment
$0
Total Assessment
$1,071,600
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Tractor Supply Co. | 2201 N US Highway 31
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